Shares in ASX-listed Alkane Resources jumped 23% on Tuesday after the multi-commodity mining company announced it had signed an exclusive worldwide marketing, sales and distribution agreement for all zirconium produced by the Dubbo zirconia project, in New South Wales.
Alkane, which fetched A$0.32 a share on Tuesday, from the previous day’s close of A$0.27 a share, will sell zirconium to UK-based Minchem, a technical ceramics marketing and manufacturing business that has been involved in zirconium chemicals and zirconium dioxide products for over 40 years.
